Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.

They limit their Dwolla exposure at any given time so Dwolla transactions are often back-logged. There are likely other people ahead of you in the queue for Dwolla processing so your request may not get processed until a previous batch of withdrawals has fully cleared.

I sometimes think MtGox would be better off dumping Dwolla altogether as their risk management strategy for limiting potential losses is extremely customer-unfriendly even though it's very necessary.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.

I agree they probably only keep a minimal amount of money on Dwolla. Seeing as how Tradehill was suing Dwolla over holding funds (or something), I bet Mt. Gox only keeps a minimal amount in there. Probably about the same amount you have withdrawn.

And seeing as how it takes like a week or so to move USD in and out of exchanges, they would probably have to take money out specifically for a large withdrawal.

I think $4k to them is pocketchange, especially with $17 coins and the volume of BTC they move through, that's only 235 BTC, I'm sure they can handle that.

Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.

Hello,

We have sent funds to Dwolla since last week and we are waiting for the funds to arrive to facilitate the Dwolla withdrawals. The support staff will inform you once your withdrawal is processed. Once again we apologize for the delay.

Sure... I could understand that for a few days. But 11 days and counting? That doesn't make much sense.

Hello,

We have sent funds to Dwolla since last week and we are waiting for the funds to arrive to facilitate the Dwolla withdrawals. The support staff will inform you once your withdrawal is processed. Once again we apologize for the delay.

It appears Inaba chose the Bitcoin hating Dwolla for one large (over $1000) fund withdrawal. Poor choice for large amounts. Would it not be better to split up payments through BitInstant, CoinBase, and other exchanges?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.

I just transferred about $800 from mt gox to dwolla on the 17th or 18th of last week. The money was there almost instantly and then from dwolla to my bank was also fast. I was able to access the money yesterday, even with the weekend and a holiday.

My mtgox>dwolla>bank experience in the past has never been this quick, but I'll take it!

I don't like this one bit. I understand the minimum for banks to start up IRS work with withdrawals or deposits for IRS purposes in the states is akin to $5000 or close to that, perhaps banks in Japan are more tightly regulated?

On the other hand, I do not blame Dwolla as much, though I hate them as much as PayPal(which if you did not know, is not and will never be, your pal).

Problems caused by statists really, you know, for making sure you pay your 'fair share'. And for the roads, and the kids!